Blog Posts | Page 62

Paying for purchases has become a lot more complicated in the modern world than it used to be. In this article, we’ll review the various payment methods you’ll want to be able to accept as well as explain how those payment methods are processed so that you can receive your money.

Payment service providers (PSPs) streamline the process of obtaining credit card processing services by aggregating all users into a single merchant account. This eliminates the need for a lengthy underwriting process before a merchant can be approved for an account, but also increases the chance of a hold, freeze, or account termination. Your business will not receive a unique merchant ID number if you sign up with a payment service provider. Well-known PSPs include Square, PayPal, and Stripe.

We compare two of the top accounting programs, QuickBooks Online vs. QuickBooks Desktop, so you can know which is right for your business. Learn the key differences between features, pricing, and more.

Is a corporate card right for your company? And if it is, what card or program should your company sign up for? Keep on reading to sort out how a corporate credit card can give your company a boost.

Come prepared to your tax meeting by knowing exactly what information your accountant needs to file your small business taxes.

With interchange++ pricing, your transaction statement will include three elements for each transaction: the interchange fee paid to the issuing bank, the card association fee paid to the card brand (e.g., Visa, Mastercard, etc.), and the processor’s markup fees. Note that card association fees are typically very low and do not constitute a significant portion of your credit/debit card processing fees.

Are you ready for small business tax season? Here are our expert tips and a free tax prep checklist to help you get your taxes in order.

Checking your business credit reports and correcting errors could give your business credit score a boost quickly. Beyond that, consistently paying bills on time and paying off debt will also help contribute to a higher business credit score.

Small business owners searching for a merchant cash advance (MCA) or short-term business loan (STL) are often surprised to learn that their capital has come with a very high effective annual percentage rate (APR) that’s sometimes in the triple digits.

Short-term business loans are a relatively recent addition to a merchant’s arsenal of business loan options. Introduced in the last decade or so, short-term loans are similar to traditional installment loans, but fees are calculated a little differently.